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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: JRI who wrote (4669)4/2/2001 1:06:53 PM
From: StockOperator  Read Replies (1) of 52237
 
Thread,

Haven't posted in a couple of days and I really don't have time to elaborate at this time. But based on the close last month and the last minute damage to the chip stocks last week. There is no doubt that we are about to take another step lower across the board. The chips we're the clue for the entire argument that this market is positively looking out six months ahead. Their breakdown should offer ample proof that things are much worse than people expect.

The severe pain and hopefully capitulation phase is upon us. This next leg should offer us the dynamics for possibly a bottom to take place. I hope to post again later and offer more specifics to back up my argument.

Good trading.

SO
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